< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
http://www.investegate.co.uk/afren-plc--afr-/rns/2012-full-year-results/201303250700107200A/

In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
http://www.ft.com/home/uk

http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
http://www.investegate.co.uk/Article.aspx?id=201205140700212304D
http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

Yes i agree,but unfo that's worth sharing. Now if the D/Mail were to repeat the rumour,then???

Interesting that the comment came from Traders! Of course they know far more than journalists and don't have a vested inetersted!!! This rumour regularly does the rounds and is currently without foundation, imo.

sudden sp drop, was that your fault Harry?

very curious ..... trading is also very heavy indeed as daily average is only about 1.7m and today already nearly 19.5m

=================

and thanks for that heads-up hali, as i decided to buy some more (141.9) as was not particularly heavy laden with them

Probably, but may have been the FT guys saying 'Buy on rumour, sell on fact'.

curiouser and curiouser, said Alice ...... now nearly 30m traded and sp falling quite sharply again

now you'll tell us you made a tasty profit at 150p.........

no i shan't :-) ...... but my weighted average has now gone up to 125.3

It was a false rumour...

Sounds like you could do with a bit more exercise Mr. C.!! Far too heavy! ;o)

now there's a brilliant observation ..... the surprise would have been if there had been any truth in the rumour ..... nevertheless, the truly massive volume is certainly both interesting and strange

==============

as it's so cold, i have installed a static bicycle stand in my office .... this has a variable tension/flywheel so i can start some gentle training for this year's trip to southern loire - sort of just NE of poitiers - in the warm, and also do it as often or for as short/long a time as i feel inclined

Just added another 17000

FT sector watcher yesterday:
"A dramatic rise in the share price yesterday (AFR), at one point up 18p/share or 13%, on huge volume – around 10 times the 15-day average. It remains unclear as to why the price spiked, with no announcement from the company either yesterday or today. Rumours abound of impending news from the PaiPai prospect onshore Kenya. AFR has a 20% stake in the 290m bbl prospect although it is difficult to see this being worth more than around 20p/share. Other partners in the prospect are Tullow with a 50% share (+3% yesterday) and Canadian-listed Africa Oil with the remaining 30% (+7% since Monday). Other unconfirmed press rumours concern possible bids for AFR by an oil major. All sounds a bit spivvy, and I think it would be wise to tie in some profits on AFR at an 18-month high."

Also broker disagreement with FT:
"The FT has speculated that ExxonMobil (XOM US) may acquire Afren. We would disagree with this view, as we would expect management to reject such a proposal at this share price, particularly given the major East African exploration programme in 2013. We feel that, given Afren’s track record in asset acquisitions, it is more likely to be the acquirer of a company or package of assets, rather than being acquired itself."

Derwent you telling porkies ........

No - now have over 100000 but less than 200000

Blimey charlie!! ;))

Derwent - as you are clearly a pretty serious player, do you have any view as to why the massive volume?

Not a clue - market makers playing with share price - I have invested for the long term as the company has a diverse portfolio with plenty of upside

share price movement is one thing, and i would not disagree with your view in that respect ..... it was the massive volume that i find exceedingly curious

At least he's in the right place, cynic's 100000 fogl not so good.,.